Fine Art & Framing Gallery Multiple Locations
Location:
United States
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South Carolina
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Columbia
Industry: Entertainment and Leisure > Art Galleries and Museums
Business Summary
This art gallery began in 1902 on Main Street in Columbia, SC. It has grown through three owners over the years. The present and fourth owners have owned it since Jan 1973. This business is the oldest continuously operated frame shop and gallery in South Carolina and has expanded to 5 strategic locations in the greater Columbia SC metro area. All have been in operation for a minimum of four or more years generating solid area business.
The main revenue is derived from custom picture framing about 65% of current business. They are able to achieve steep volume discounts by purchasing for the multiple store locations, which allow them to compete very successfully with ''big box'' frame stores including Michaels and Hobby Lobby. Sales from framed art are generated from specializing in local and regional art by working with local area artists to commission art sold exclusively in their stores. They also work with designers and do art consulting in homes and businesses. This segment of the business is expanding at a rate they are finding it hard to accommodate its growth and is one of the reasons the owners have decided to sell and let a more aggressive owner expand the business. Email or call Jason today 803-779-2919 to learn more about this Fine Art & Framing Gallery business for sale.
Financials
Asking Price Range: $500K - $1.0M
Gross Revenues:
$400,000
Cash Flow:
$80,000
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Yes
About The Business
Year Established: 1902
Number of Employees: 6 - 9
Relocatable: Yes
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Provided.
Reason For Selling: Retire.
Click on the "I'm Interested" button above for more information on this Entertainment and Leisure > Art Galleries and Museums business for sale.
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Print Listing Id: 70058848
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